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As the US-China trade dispute escalates, businesses are worried that trade and investment might be disrupted, which prompted Chicago Mayor Rahm Emanuel to lead a mission to China this week to secure local jobs and a .3 billion deal.

As restructuring has mainly involved mergers within the SOE sector, the Institute of International Finance, a global association of around 500 major financial institutions, said it does not expect widespread failures or losses to be incurred in the new round of SOE reforms.

As the pandemic has disrupted global supply chains, the demand side is heavily impacted, but "from the supply end, China has done an excellent job", Gibbs added.

As quality-conscious Chinese consumers show an increasingly strong demand for premier fresh products, the consumption market for imported top-end food and fruits has shifted from a niche segment to become mainstream.

As the most-watched annual show on Chinese New Year's Eve, the Spring Festival Gala has a new tradition of snatching red envelopes in digital form these years with the rapid development of high technology.